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03.07.2023 21:53

The report “Demerger of FlyArystan from Air Astana will decrease the shareholder value on the threshold of IPO” is published

FlyArystan being the key driver of growth provides significant part of passenger flow and income of Air Astana. Decrease of synergy between the companies can bring to decrease of operational efficiency and growth of tariffs for passengers.

Read the details in our report bellow.

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Teniz Capital Investment Banking JSC recommends to carefully assess the feasibility and risks of investments, taking into account the volatility of market conditions. Ownership of securities and other financial instruments is associated with fluctuations: their value can both increase and decrease. The Company cannot guarantee the profitability of investments and a constant level of income.

Licence ARKFMD No. 3.2.249/19 dated 18.05.2023. Licence ARKFMD No. 4.3.19 dated 16.06.2023.